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January 6, 2014

US Mint to Sell Remaining 2013 Gold Bullion

photo via the US Mint

For the period between January 2 and January 20, orders for one-ounce and tenth-ounce American Eagle and American Buffalo gold bullion coins will be fulfilled exclusively with 2014 stock. Following the 20th, however, the US Mint will begin selling the remaining inventory of 2013 coins alongside the 2014 stock on a one-for-one basis.

The coins are sold to authorized purchasers for the price of gold on a given day, and those purchasers then sell the bullion to both dealers and the public. So if you regret not buying a 2013 American Eagle or American Buffalo one-ounce or tenth-ounce gold coin in the last calendar year, the opportunity has not yet passed you by.

Gold Prices Hold Steady

The price of gold saw an increase at the turn of the new year, settling at $1,225,20. And though it has since been quite volatile in the days that followed—at one point dropping more than $30—but the precious metal has managed to hold steady. Gold for February delivery, which is the most active contract, recovered to settle at $1,238, only a 0.1% drop from the previous day. In all, 2014 still has the potential to be a strong year for gold.